Loading chat...
NY S08764
Bill
Status
1/8/2026
Primary Sponsor
Michelle Hinchey
Click for details
AI Summary
-
Requires utilities proposing major rate changes to provide a separate, distinct filing describing each proposed capital expenditure on a per-project basis
-
Mandates disclosure of specific information for each capital expenditure including: purpose and need, total cost, expected period of usefulness, location in service territory, rationale for inclusion, and anticipated benefits to ratepayers and distribution system operations
-
Requires all capital expenditure descriptions to be posted on the Public Service Commission's website on a per-project basis
-
Places the burden of proof on utilities to demonstrate that rate changes related to each capital expenditure are just and reasonable
-
Takes effect on the same date as the related 2025 law (S. 8213/A. 2736-A) regarding capital expenditures in utility rate proceedings
Legislative Description
Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility on a per project basis and shall include the purpose and the need for each capital expenditure, total cost, and benefits to the ratepayers and the operation of the distribution system, and shall be posted on the PSC website.
Last Action
SUBSTITUTED BY A9441
1/20/2026